Summaries / Status
Status of Statement No. 24
Accounting and Financial Reporting for Certain Grants and Other Financial Assistance
Status
Issued: June 1994
Effective Date: For periods beginning after June 15, 1995
Affects:
- Amends NCGAS 2, ¶8
- Amends NCGAS 6, ¶46
- Amends NCGAI 6, ¶5
- Amends GASBS 5, ¶35, ¶39, ¶41, and ¶47
Affected by:
- Footnote 1 superseded by GASBS 33
- Paragraph 4 amended by GASBS 35, ¶5
- Paragraph 5 amended by GASBS 34, ¶6
- Paragraph 11 amended by GASBS 35, ¶5
- Footnote 8 amended by GASBS 35, ¶5
- Paragraph 13 amended by GASBS 34, ¶16
- Paragraph 14 superseded by GASBS 34, ¶61
Other Interpretive Literature:
- GASBTB 2006-1 (Provides guidance on ¶7, ¶8b, and ¶12)
Primary Codification Section Reference: N50
Abbreviations for Accounting Pronouncements
| GASBS - GASB Statements GASBCS - GASB Concepts GASBI - GASB Interpretations GASBTB - GASB Technical Bulletins BFC - Basis For Conclusions |
NCGAS - NCGA Statements NCGAI - NCGA Interpretations SOP - AICPA Statements of Position ASLGU - AICPA Audit Guide GASB Q&A - GASB Implementation Guides |